rosstaylor
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What is the current market landscape and what is changing?
Saudi Arabia is approximated to have the 4th biggest defense budget in the world, behind the United State, China and Russia. Valued at US$52.9 bn in the year of 2013, the nation's defense expenditure is at the 7th position among the leading ten military spenders and is predicted to grow at a Compounded Annual Growth Rate of seven point ninety two percent to reach US$77.3 bn by 2018. Saudi Arabias military expenditure as a percentage of Gross Domestic Product will from its current seven point three percent to nine point one percent by 2018 due to slowing down economic growth over the forecast period.
Saudi Arabia is approximated to have the 4th biggest defense budget in the world, behind the United State, China and Russia. Valued at US$52.9 bn in the year of 2013, the nation's defense expenditure is at the 7th position among the leading ten military spenders and is predicted to grow at a Compounded Annual Growth Rate of seven point ninety two percent to reach US$77.3 bn by 2018. Saudi Arabias military expenditure as a percentage of Gross Domestic Product will from its current seven point three percent to nine point one percent by 2018 due to slowing down economic growth over the forecast period.
